# Churchill Capital Corp XI (CCXIW) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_fa29e34584c69526458c · retrieved 2026-08-12T07:20:31.141Z

## Overview
Churchill Capital Corp XI is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands, seeking to consummate an initial business combination.

On August 7, 2026, Churchill Capital Corp XI issued an unsecured promissory note with an aggregate principal amount of up to $1,500,000 to Churchill Sponsor XI LLC for the Company's working capital needs. The note bears no interest and matures upon the earlier of the closing of an initial business combination or the Company's liquidation. The Sponsor may convert all or any portion of the unpaid principal balance into Conversion Units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-tenth of one warrant exercisable for one Class A ordinary share at $11.50 per share.

## Terms
- Counterparty: Churchill Sponsor XI LLC · Deal value: $1.5M · Consideration: mixed · Price/share: $10

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · 8-K (0001213900-26-086928): 8-K - Churchill Capital Corp XI — *Churchill Capital Corp XI is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands, seeking to consummate an initial business combination.* On August 7, 2026, Churchill Capital Corp XI issued an unsecured promissory note with an aggregate principal amount of up to $1,500,000 to Churchill Sponsor XI LLC for the Company's working capital needs. The note bears no interest and matures upon the earlier of the closing of an initial business combination or the Company's liquidation. The Sponsor may convert all or any portion of the unpaid principal balance into Conversion Units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-tenth of one warrant exercisable for one Class A ordinary share at $11.50 per share.
  https://www.sec.gov/Archives/edgar/data/2074973/0001213900-26-086928.txt

## Citations
- 0001213900-26-086928 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026086928